NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Economy / Official Cash Rate

Reserve Bank data breach: Adrian Orr gains high-ground as Accellion dodges questions

Chris Keall
By Chris Keall
Technology Editor/Senior Business Writer·NZ Herald·
10 Feb, 2021 04:28 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

The Reserve Bank has gained the high-ground against Accellion, after the bank's US technology partner refused to challenge RBNZ's version of events.

Yesterday, RBNZ Governor Adrian Orr alleged Accellion had dragged its feet alerting the banks and other clients about a vulnerability with its FTA file-sharing service - which led to sensitive documents being stolen.

"We had no warning to avoid the attack which began in mid-December. Accellion failed to notify the Bank for five days that an attack was occurring against its customers around the world, and that a patch was available that would have prevented this breach," Orr said.

Orr's timeline ran contrary to a January 12 statement by Accellion, which said created a patch and sent it to all affected clients within 72 hours.

Advertisement
Advertise with NZME.

Five days? Or 72 hours? One narrative must be wrong. The Herald asked Accellion for comment on Orr's five-day claim, and also to clarify if it notified clients immediately it detected a serious security vulnerability, or only after it had developed a patch?

Accellion communications director Robert Dougherty did not address any of those points directly, instead sending the general statement:

"Accellion is conducting a full assessment of the FTA data security incident with an industry-leading cybersecurity forensics firm.

"We will share more information once this assessment is complete.

Advertisement
Advertise with NZME.

"For their protection, we do not comment on specific customers. We are working with all impacted FTA clients to understand and mitigate any impact of this incident, and to migrate them to our modern kiteworks content firewall platform as soon as possible."

It was not clear how commenting on the Reserve Bank's timeline - which it had already chosen to make public - would compromise its security.

Discover more

Business

Next Rocket Lab launch: Satellite for US Missile Defence

09 Feb 09:27 PM
New Zealand|politics

RBNZ warns MPs of debt-to-income risks to first home buyers

10 Feb 02:59 AM

Yesterday, Orr said:"If we were notified at the appropriate time, we could have patched the system and avoided the breach. Our own analysis has identified shortcomings in our processes once the system was breached. The impact this had is part of the review underway."

RBNZ not off the hook

But although the RBNZ Governor now appears to have the upper hand over how events unfolded in December, there are broader timeline questions that will have to be resolved by an investigation currently underway by KPMG.

They include why the RBNZ had not acted faster on a May 2020 report by the bank's chief information officer, Scott Fisher, warned there was "high operational risk due to technical obsolescence and an underinvestment in security across many of the core technology platforms".

Also why the RBNZ was still using a 20-year-old Accellion file-sharing service called FTA, when for the US company had been encouraging customers to upgrade to a more secure alternative, Kiteworks, for four years. Kiteworks was referenced in Fisher's report.

Orr also said yesterday that the RBNZ has completed its assessment of the files illegally downloaded during the breach and is notifying organisations involved.

External legal advisers are also providing assurance checks and advice on any personal information which was included in the downloaded files.

Advertisement
Advertise with NZME.

"For security reasons, we can't provide specific details about the number of files downloaded, or information they contain. We have been in regular communication with all organisations who have had files illegally downloaded," Orr said.

"As a priority, we have engaged with the organisations whose files contained sensitive information, to support them and assist in managing the impact on their customers and staff.

"We are working directly with these organisations to determine how many people had sensitive personal information compromised and we will ensure they are well supported."

"The Bank has engaged a specialist national identity and cyber support service IDCARE, to provide advice and support to people affected by the breach at no cost to them. We continue to work closely with the Office of the Privacy Commissioner."

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Official Cash Rate

Premium
Business|economy

Jobless rate better than expected, part-time worker increase credited

07 May 03:30 AM
Premium
Economy|official cash rate

Inside Economics: How much Government debt is too much?

07 May 12:30 AM
Economy|official cash rate

'Significant risk': Tariffs heighten volatility, Reserve Bank warns

06 May 10:48 PM

One tiny baby’s fight to survive

sponsored
Advertisement
Advertise with NZME.

Latest from Official Cash Rate

Premium
Jobless rate better than expected, part-time worker increase credited

Jobless rate better than expected, part-time worker increase credited

07 May 03:30 AM

The labour market remained weak and disinflationary, economists say.

Premium
Inside Economics: How much Government debt is too much?

Inside Economics: How much Government debt is too much?

07 May 12:30 AM
'Significant risk': Tariffs heighten volatility, Reserve Bank warns

'Significant risk': Tariffs heighten volatility, Reserve Bank warns

06 May 10:48 PM
Premium
Adrian Orr surfaces for farewell party with Reserve Bank staff

Adrian Orr surfaces for farewell party with Reserve Bank staff

02 May 06:04 AM
Connected workers are safer workers 
sponsored

Connected workers are safer workers 

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP